A total of 21,615 real estate transactions worth AED 6.3 billion ($1.71 billion) were executed in Sharjah during the first quarter of 2022, said the Sharjah Real Estate Registration Department (SRERD). Abdul Aziz Ahmed Al Shamsi, the Director-General of SRERD, said the main branch of the SRERD in the city...

The results represent the highest quarterly net profit in the bank's history.

Dubai has set up a $100 million venture capital fund in order to provide financial support to fintech startup companies. The fund, scheduled to be launched in June 2022, was approved by Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, after a meeting with the executive council.

The new logistics park is scheduled to open in 2023.

The British firm reported $14.5bn revenue in Q1.

China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country's environmental promises. The Chinese leadership has pledged the country will curb coal consumption after 2025.

The company is set for recovery in 2022-23, said analysts.

Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage less on Facebook.

The company recorded sales of SAR 8.9 billion, up by 64%.

Steady chip demand and brisk smartphone sales led to the rise.

Gas giant Algeria threatened Wednesday to break a contract to supply gas to Spain if Madrid transferred it onwards to "a third destination", amid tensions with regional rival Morocco. Algeria's state-owned energy giant Sonatrach supplied more than 40 percent of Madrid's natural gas imports in 2021.

Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the country has undertaken.

The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi. The new partnership is expected to double bilateral trade between both countries, strengthen cooperation efforts, create new jobs,...

The automaker now sees 2022 net profit of between $9.6 bn and $11.2 bn.

The US said Wednesday it was "deeply concerned" about an ongoing closure of key oil installations in Libya, calling for the shutdowns to end "immediately". "The United States is deeply concerned by the continued oil shutdown, which is depriving Libyans of substantial revenue," the US embassy in Tripoli said.

Saudi Arabia has signed an agreement with Lucid Motors to purchase a minimum of 50,000 electric vehicles and up to 100,000 electric vehicles over a ten-year period in an effort to diversify its fleet to be more environmentally friendly. “This agreement is a significant move that supports the key objectives...

The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification of family-oriented retail options that enhance the prosperity of the local market.

The firm said its revenue grew 32 percent to 2.68 billion dirhams.

Listed on the New York Stock Exchange for just under nine years, Twitter has posted a net loss every year, except 2018 and 2019 when it made a profit of just over $1 billion.

The Saudi doctor still had 15 years left on the loan he used to build his family's "dream" home in Jeddah when bulldozers razed it to the ground, turning his life into "hell".

The total number of certificates of origin issued by the Ajman Chamber of Commerce and Industry (ACCI) during 2021 increased to 33,175, compared to 25,682 during 2020, achieving a 29 percent growth, said Mohamed Ali Al Janahi, Acting Director-General of ACCI. He said the total value of the products, for...

The report also claimed that the value of early-stage deals for startups in the region doubled from 2020 to 2021.

The event, along with the Arab Women Forum, will be held at Palazzo Versace, Dubai, on May 17 and 18, 2022. The annual event is back in the UAE after traveling to Saudi Arabia and Bahrain.

Violence may rage elsewhere, but it's business before politics in the occupied West Bank town of Nilin where Palestinian merchants do a brisk trade with passing Israelis. Every day, hundreds of people from Israel and nearby West Bank settlements visit the town to take advantage of low prices on everything...

The top five most-booked destinations this year so far with dnata Travel include the Maldives, the UAE itself, Turkey, Mauritius, and Oman.

Saudi Arabia had stopped the imports as reports of avian influenza, or bird flu, emerged from across the world.

Shares sank nearly 5 percent to $2,257 on the news.

More than 10,000 companies joined Dubai Chamber of Commerce as members during the first quarter of 2022, marking a 64 percent year-over-year growth in new membership for the same quarter in 2021. Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached...

Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.

Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest volume since Q1 2014. According to the Mo’asher, Dubai’s official sales and rental performance index that was launched by Dubai Land Department (DLD) in cooperation with Property Finder, a total...

The UAE-based Aldar Investment is the subsidiary of Aldar Properties.

Its consolidated revenues rose 0.8 percent to AED13.3 billion.

Prince Alwaleed is one of the wealthiest businessmen in the Middle East, but Elon Musk is the richest person in the world.

The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45 million m3 of natural gas.

Modi said a total of $4.97 billion private investment is on its way to Jammu and Kashmir.

The agreement is expected to reinforce the ABCC’s operations in the cultural area and allow for it to get closer to the academic world via an institution like FUNAG.

Higher-than-expected credit losses and inflation are to blame.

The Asian region faces a "stagflationary" outlook with economic growth being lower than previously expected and inflation being higher, a senior International Monetary Fund (IMF) official said on Tuesday (Apr 26). "Monetary tightening will be needed in most countries, with the speed of tightening depending on domestic inflation developments and...

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a joint statement announcing the takeover.

Traditional carmakers are in a race to make more electric vehicles.

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and its Indonesian counterpart PT Reasuransi Indonesia Utama (Persero) or Indonesia Re, have signed a reciprocal reinsurance agreement to bolster their bilateral trade. The two agencies also agreed to expand their collaborative initiatives across the globe by fostering sustainable and...

Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.

Here’s a look at how the price of an Iftar meal compares to a standard meal eaten in moths other than Ramadan.

UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister of Egypt.

The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put the Tesla boss in charge of the influential social media site.

DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the CEO of the Dubai Electricity and Water Authority, Saeed Al-Tayerm, told the media. It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of...

West Cairo has witnessed strong real estate development.

Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in Vienna aimed at restoring its frayed 2015 nuclear deal with major powers. Tehran has been engaged in negotiations with Britain, China, France, Germany and Russia directly and the United States...

Emirates Global Aluminum today announced the company has agreed a revolving credit facility tied to the Term Secured Overnight Funding Rate (SOFR). SOFR is the emerging replacement to the US dollar London Interbank Offering Rate (LIBOR), which has been the global lending benchmark for decades but has been the subject...